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Federal Form 4562 Not Generating

SOLVEDby IntuitLacerte Tax20Updated February 24, 2022

Federal Form 4562 not generating.  Why?
How can I generate the form?

Solution

Form 4562 is required if you are claiming any of the following:
  • Depreciation for property placed in service during the current tax year.
  • Section 179 expense deduction (which may include a carryover from a previous year).
  • Depreciation on any vehicle or other listed property (regardless of when it was placed in service)***
  • A deduction for any vehicle reported on a form other than Schedule C.
  • Any depreciation on a Corporate Income Tax Return (other than Form 1120S).
  • Amortization of costs that begins during the current tax year.
*** If you are an employee deducting job-related vehicle expenses using either the standard mileage rate or actual expenses, use Form 2106, Employee Business Expenses, or Form 2106-EZ, Unreimbursed Employee Business Expenses, for this purpose.

To Force Form 4562 to Print Globally (all clients within a tax module)

Follow these steps to force Form 4562 using the global settings within each tax module:

  1. Click the Settings drop-down menu. 
  2. Select Options.
  3. Click the Tax Return Tab.
  4. Scroll down to Federal Tax Options section.
  5. In the field Form 4562 select Force.

Exempt Module Force Exception - Follow these steps to access these options within the Exempt tax module:

Unlike other modules, the Exempt module will allow you to generate Form 4562 when applicable, or suppress Form 4562.

  1. Click the Settings drop-down menu. 
  2. Select Options.
  3. Click the Tax Return Tab.
  4. Scroll down to Federal Tax Options section.
  5. In the applicable fields Form 4562 (990), Form 4562 (990-PF), and Form 4592 (990-T) select Yes.

To Force Form 4562 to print within a specific client file within a tax module

Follow these steps to force Form 4562 in an Individual client file:

  1. Go to Screen 22, Depreciation.
  2. Click on the Misc/Sec. 179[O] link available in the left navigation panel or click the button displayed below the input grid.
  3. Scroll down to the Form 4562 section.
  4. Place a '2' in the field Form 4562 options: 1=when applicable, 2=force [O] (code 315) to force Form 4562.

Follow these steps to force Form 4562 in a Partnership client file:

  1. Go to Screen 14, Depreciation.
  2. Click on the Misc/Short Year link available in the left navigation panel or click the button displayed below the input grid.
  3. Scroll down to the Form 4562 section.
  4. Place a '2' in the field Form 4562 options: 1=when applicable, 2=force [O] (code 315) to force Form 4562.
Follow these steps to force Form 4562 in a Corporate client file:
  1. Navigate to Screen 21, Depreciation.
  2. Click on the Misc/Short Year link available in the left navigation panel or click the button displayed below the input grid.
  3. Scroll down to the Form 4562 section.
  4. Place a '2' in the field Form 4562 options: 1=when applicable, 2=force [O] (code 315) to force Form 4562.

Follow these steps to force From 4562 in an S-Corporate client file:

  1. Go to Screen 16, Depreciation.
  2. Click on the Misc/Short Year link available in the left navigation panel or click the button displayed below the input grid.
  3. Scroll down to the Form 4562 section.
  4. Place a '2' in the field Form 4562 options: 1=when applicable, 2=force [O] (code 315) to force Form 4562.

Follow these steps to force From 4562 in a Fiduciary client file:

  1. Go to Screen 27, Depreciation.
  2. Click on the Misc/Short Year link available in the left navigation panel or click the button displayed below the input grid.
  3. Scroll down to the Form 4562 section.
  4. Place a '2' in the field Form 4562 options: 1=when applicable, 2=force [O] (code 315) to force Form 4562.

Follow these steps to print (when applicable) or suppress From 4562 in an Exempt client file:

  1. Go to Screen 4.1, Miscellaneous.
  2. Scroll down to the lower section of the input screen to locate Return Options.
  3. Two options are available here:
    1. Form 4562 (992): 1=yes, 2=no [O] (code 36).
    2. Form 4562 (990-PF): 1=yes, 2=no [O] (code 37).
  4. Enter a '1' to generate Form 4562 when applicable or enter a '2' to suppress.

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